Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.006%
Price spread now: Coinbase International against Entropy−0.069%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Coinbase International is 0.069% cheaper against Entropy than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:EWY | 187.48 | 0.0050 | pay 0.0006% / 1h | 26m 16s | $87K | $93K | 25x |
| Short | Coinbase International EWY-PERP-INTX | 187.35 | 0.0040 | get 0.0005% / 1h | 26m 16s | $521K | $276K | 20x |
Entropy io:EWY
Coinbase International EWY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Entropy. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.1
- Price spread: −0.069% → 0.000%
- −$6.93
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$37.03
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: Entropy: no order-book sample; Coinbase International: live order book, 22 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Entropy no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 22 min ago | 3.97 bp | 10.1 bp −$10 | 15.0 bp −$150 | doesn't fit | doesn't fit |
Entropy: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
EWY on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0136% | 1h | 187.36 | −0.064% | $28K | $12K | 20x | as long as short |
| Bitget EWYUSDT | −0.0052% | 8h | 187.74 | +0.139% | $2.7M | $2.3M | 20x | as long as short |
| BloFin EWY-USDT | −0.0016% | 8h | 187.57 | +0.048% | $48K | $215K | 50x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 187.60 | +0.064% | $291K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 187.64 | +0.086% | $230K | $491K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 187.69 | +0.112% | $27.2M | $79.7M | 50x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 187.69 | +0.112% | $4.9M | $4.6M | 100x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 187.64 | +0.085% | $4.1M | $4.3M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 187.67 | +0.101% | $4.1M | $4.1M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 187.64 | +0.085% | $6.8M | $4.0M | 100x | as long as short |
Hotstuff EWY-PERP
Bitget EWYUSDT
BloFin EWY-USDT
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
Bybit EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni EWY | 0.0000% | 8h | 187.79 | +0.163% | $1.2M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 187.89 | +0.220% | $743K | $415K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 187.50 | +0.011% | — | $2.5M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 187.60 | +0.064% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 187.68 | +0.107% | $1.7M | $37K | 10x | as long as short |
| Lighter EWY | +0.0032% | 1h | 187.52 | +0.021% | $380K | $40K | 20x | as long as short |
| Coinbase International EWY-PERP-INTXshort | +0.0040% | 1h | 187.35 | −0.069% | $521K | $276K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 187.35 | −0.069% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 187.63 | +0.080% | $196K | $148K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 187.56 | +0.043% | $6.3M | $14.4M | 20x | as long as short |
| Entropy io:EWYlong | +0.0050% | 1h | 187.48 | long leg | $87K | $93K | 25x | |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 187.48 | 0.000% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 187.53 | +0.027% | $730 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 187.81 | +0.176% | $214K | $316K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0053% | 8h | 187.65 | +0.089% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 187.51 | +0.016% | $966K | $604K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 187.68 | +0.107% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 187.61 | +0.069% | $2K | $1K | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0123% | 1h | 187.65 | +0.091% | $2K | $14K | 20x | as long as short |
| edgeX EWYUSDC | +0.0248% | 4h | 187.88 | +0.212% | $421K | $283K | 20x | as long as short |
Variational Omni EWY
GRVT EWY_USDT_Perp
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Lighter EWY
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC